Volume 15, Issue 77 August 13, 2018
In this Issue
WGL Energy Volunteer Brings Hope and Comfort in Philadelphia
Editor's Note
Temperatures Expected to Remain in Normal Range
Energy Management
WGL Energy Issues More Notices Regarding Peak Electricity Usage
Weather
Local Cooling Degree Days*
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Editor's Note
Temperatures Expected to Remain in Normal Range
Weekly review for August 4 - August 10, 2018

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, August 3, 2018 was 2,354 BCF. This is an increase of 46 BCF from the previous week. Inventories are currently 671 BCF lower than last year during this same period and 572 BCF below the 5-year average of 2,926 BCF.  

Temperatures are expected to remain in the normal range throughout the 14-day forecast period, setting the stage for a potentially underwhelming close-out to the summer season.

Forward markets increased this week as the PJM West Hub 12 Month curve added 1.2% and the NYMEX natural gas 12-month curve gained 2.8%.      

The following table shows the highest peak loads recorded for the summer through August 10, per PJM’s preliminary estimates:

Peak Load (MW)

Date of Peak Load

Hour of Peak Load

148,459

June 18

4-5pm

145,668

July 3

3-4pm

145,155

July 2

4-5pm

143,339

July 16

4-5pm

141,443

July 5

2-3pm


This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions.

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